Receiving Financial Institution definition

Receiving Financial Institution refers to us, when you are the Receiver, and the Receiver’s financial institution, when you are the Sender;
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Receiving Financial Institution means the financial institution that maintains an Account to which funds must be Credited pursuant to a Credit Instruction.
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Examples of Receiving Financial Institution in a sentence

  • Our sole obligation is to transmit the Return Request to the Receiving Financial Institution through the Real-Time Payments Service.

  • This may take up to 10 Business days.• If the Receiving Financial Institution is not satisfied that you made a Mistaken Payment, they may ask for the recipient’s consent to return the funds to us.• If we receive the funds back from the recipient, we’ll return the funds to you as soon as practicable.• If we are not satisfied that you made a Mistaken Payment, we’ll not take any further action.• If we are satisfied that a Mistaken Payment has occurred, we’ll return the funds.

  • Contact the Receiving Financial Institution and verify this information prior to completing this section.

  • Step 2: On the same date each month, World Access Cable (as the Originator) initiates a funds transfer request by transmitting an ACH debit file to the Originating Financial Institution, ODFI (Local Bank) which includes the debit entry to Mike Jones’ account athis Receiving Financial Institution, RDFI (Mountain Bank).

  • If the transfer was requested in cash, CWCF will issue the full value of the request to the Receiving Financial Institution for, less any fees payable to CWCF.

  • ABA No. of Receiving Financial Institution (9 Digits) Name of Receiving Financial Institution Address of Receiving Institution Beneficiary Name Beneficiary Account Number Address of Beneficiary City State Further Credit To Account Number Address City State Reference to Beneficiary I hereby request that Novartis Federal Credit Union initiate the above wire transfer.

  • Our sole obligation is to transmit the Return Request to the Receiving Financial Institution through the Real- Time Payments Service.

  • Always verify wiring instructions with the Beneficiary and/or Receiving Financial Institution before completing this section. Financial Institution Name – The Financial Institution where the wire will be sent. Financial Institution Address – The address of the receiving Financial Institution.

  • The Credit Union may request the Receiving Financial Institution to return a Transfer, which has been initiated in error.

  • Please verify wiring instructions with the Recipient and/or Receiving Financial Institution.

Related to Receiving Financial Institution

  • Reporting Financial Institution means a Reporting Finnish Financial Institution or a Reporting U.S. Financial Institution, as the context requires.

  • Participating Financial Institution means a financial institution participating in EMT Services and/or Online Payment Services, as the case may be.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • your financial institution means the financial institution nominated by you on the DDR at which the account is maintained.

  • Licensed financial institution means a financial institution issued a license under this act.

  • Nonparticipating Financial Institution means a nonparticipating FFI, as that term is defined in relevant U.S. Treasury Regulations, but does not include a [FATCA Partner] Financial Institution or other Partner Jurisdiction Financial Institution other than a Financial Institution treated as a Nonparticipating Financial Institution pursuant to subparagraph 2(b) of Article 5 of this Agreement or the corresponding provision in an agreement between the United States and a Partner Jurisdiction.

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Non-Reporting Financial Institution means any Financial Institution that is:

  • foreign financial institution means an institution registered as a foreign financial institution with the Ministry of Finance in the Mexican Banking and Financial Institutions, Pensions, Retirement and Foreign Investment Funds Registry for purposes of Article 195, Section I of the Mexican Income Tax Law.

  • Affected Financial Institution means (a) any EEA Financial Institution or (b) any UK Financial Institution.

  • Approved Financial Institution means any bank approved by Exchange in accordance with its credit review procedures or policies;

  • EEA Financial Institution means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • Designated Financial Institution shall have the meaning specified in Section 14.12(a).

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • Eligible Financial Institution means, as of the date of any assignment as contemplated in Section 8.07(a)(i), a commercial bank or financial institution (i) with a credit rating on its long-term senior unsecured debt of either (a) “AA-” or better from S&P or (b) “Aa3” or better from Xxxxx’x; and (ii) having shareholders' equity of not less than $5,000,000,000.

  • Qualified Financial Institution means, at any time, a financial institution organized under the laws of any jurisdiction in the United States of America or Europe that at such time has outstanding debt obligations with a stated maturity of one year or less from the date of issue and rated A-1 or higher by Standard & Poor’s, a division of The McGraw Hill Companies, Inc., Ratings Group (or any successor) or P-1 or higher by Moody’s Investors Service, Inc. (or any successor) or, in either case, such other comparable rating, if any, then used by such rating agency.

  • regulated financial institution means a state or nationally chartered bank, savings and loan association or savings bank, credit union, trust company, or other state or federally chartered lending institution or a regulated affiliate or regulated subsidiary of any of these entities.

  • Financial institution means a Bank, Development Finance Institution, Non Banking Finance Company, Modaraba or an institution registered under relevant laws to provide financial services within or outside Pakistan.

  • Financial Institutions has the meaning set forth in the preamble in this Agreement.

  • Qualified United States financial institution means an institution that:

  • Receiving Institution The college or university where a transfer student plans to enroll and to apply previously earned credit toward a degree program.

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • banking institution means a bank, bank and trust company, trust company, savings bank, private bank, or a national banking association, organized and doing business under the provisions of any law of this state, or of any other state of the United States, or under the provisions of any law of the United States of America.

  • Receiving Bank means the financial institution where a Receiving Party maintains its account.

  • Custodial Institution means any Entity that holds, as a substantial portion of its business, financial assets for the account of others. An entity holds financial assets for the account of others as a substantial portion of its business if the entity’s gross income attributable to the holding of financial assets and related financial services equals or exceeds 20 percent of the entity’s gross income during the shorter of: (i) the three-year period that ends on December 31 (or the final day of a non-calendar year accounting period) prior to the year in which the determination is being made; or (ii) the period during which the entity has been in existence.